Page 23 - GS230301

CompanyProfile

Unified commerce

within a single

payment platform ISO/MLS contact:

Zach Dillman
aynuity was established in 2019 by a team of Director of Sales Enablement
payments executives with decades of experi-
ence in card processing, data security, IT and zach@paynuity.com
P financial technology. By fostering interconnec-
tivity among merchants, payment facilitators and ISOs, 321-312-1221
banks, payment acquirers and other fintech endpoints, the paynuity.com
company facilitates seamless digital commerce, according
to Paynuity Co-founder, CEO and CIO Ron Moses.
tract. The solution, which is active in South America,
"Paynuity is a full-service payments processor uniquely Africa and Southeast Asia, securely encrypts and
positioned as a central point of payments to more than 58 stores visa and mandated tax and entry payments
different payment networks and card brand associations until the port authority executes the smart contract,
to globally provide plug-and-play solutions for issuers enabling instant payment to transit authority or toll
and acquirers," Moses said. "Our unique white-label soft- provider.
ware platform combines merchant services, loyalty and
reward redemption, digital banking, payroll and bill pay • Multi-wallet solution: Combines digital banking in
services, digital card issuance for expense and commis- 134 currencies, crypto and stablecoin into a mobile
sion payments, and customized credit and lending ser- multi-wallet solution, which enables users to convert
vices to merchants and ISOs, all in one application." loyalty points to currency. Account holders can set
payment priorities and thresholds, using a mix of
Single app, multiple touchpoints loyalty points, cash, and BNPL services and enabling
this method via digital or physical credit cards.
Moses further noted Paynuity's payment switch and gate-
way services platform enables direct-to-bank settlement Unified commerce, your way
for peer-to-peer and merchant-to-merchant transactions
and other vertically integrated solutions. He also men- Reflecting on recent milestones, Moses mentioned SWEEP
tioned that Paynuity offers the following features and POS, launched in the first quarter of 2023. It is a scalable
benefits: payments and business management platform designed
to support large and small businesses. In addition, he
• Custom card programs: Enable community banks noted, Paynuity partnered with FlexCharge in November
to build custom card programs with robust rewards 2022, a leading payment declines recovery provider. Inte-
and benefits from over 1,500 top tier loyalty pro- grating FlexCharge's technology into the Paynuity plat-
grams, allowing the programs to directly compete form has helped merchants reduce payment declines, in-
with best-in-class reward credit cards from major crease revenue and improve customer loyalty, he added.
banks. "Paynuity offers a wide range of services," he said. "In ad-
dition to traditional credit and debit card processing, we
• Centralized credit, underwriting: Offers a central- also offer ecommerce solutions, including a user-friendly
ized credit and underwriting experience to mer- platform for online sales, mobile payments and a virtual
chants and consumers with real-time, white-glove terminal. Our fraud prevention tools help businesses im-
underwriting of credit card, digital bank, and busi- prove security and mitigate risk."
ness and personal loans, backed by 24/7 support.
Citing Paynuity's partnership and referral programs as a
• Complex commerce solutions: Provide turnkey key differentiator, Moses said the company offers a va-
EMV payment solutions for gas stations, complete
with in-store POS and direct integration to a pro- riety of programs that allow ISOs and merchant level
salespeople (MLSs) to earn money by referring leads or
cessing gateway. The solutions support all types of
payments at the pump, including major card brands, by becoming resellers. Additionally, Paynuity provides
marketing and business development support to help
EFT and debit networks, PayPal, and cryptocurrency
payments in both contact and contactless EMV. ISOs and MLSs grow their businesses, he added. "We are
fully compliant with industry regulations and have strict
• Cross-border payment solutions: Provide a smart security protocols in place to protect data," he said. "This
contract solution for immigration modernization gives ISOs and MLSs peace of mind knowing that they
at the border that combines passport, boarding are working with a company that is taking the necessary
pass and payment method data in a smart con- steps to protect them and their merchant customers."
23